The Appraisal Request Screen allows users to generate a PDF request to send to a third party via email or paper/mail.
The Appraisal Request screen may be accessed before and after the loan has been finaled.
The Appraisal screen is divided into six sections, similar to the Hazard Insurance Request and Title Request screens.
Sender/Recipient section allows users to enter the From (financial institution name, predefined in the Admin Site), To and Appraiser information.
If the Appraisal Company and Appraiser were entered on the Vendor Info screen, then the To and Appraiser fields will automatically populate. If the Appraisal Company and Appraiser were not previously entered, upon typing a few characters of the desired Appraisal Company name into the To field, a correlating list of predefined Appraisal Companies will appear in a drop-down format to select from. This is also true for the Appraiser and From fields in this section.
The Loan Information section displays basic loan data that has auto-populated from the Borrower Summary and 1003; these fields are editable, with the exception of the Loan Officer, Loan Number, and Lender Case #. Any data changed in these open fields will filter back to their correlating fields on the Borrower Summary, 1003, Hazard Request, and Closing Docs.
The Loan Processor field lists a drop-down of all users defined within the Processor Role in the Admin Site to which the user may assign the loan file.
Tip: If a Processor has already been assigned to the loan file, their name will appear automatically in this field. No loan file may have more than one user, per role assigned to the file. (For example, if Joe and Amy are both processors, only one of them may be assigned to this loan file.)
Listed below is some additional information regarding where the data is pulling from elsewhere in the LOS:
Estimated Closing Date auto-populates from the 1003 > Other Data Tab > Other Data > Estimated Closing Date and the GFE > Estimated Closing Date fields
Purpose of Loan auto-populates from the 1003 > Property > Purpose of Loan and the Borrower Summary > Purpose of Loan fields
Property Address auto-populates from the 1003 > Property > Subject Property Address and the Borrower Summary > Subject Property Address fields
Property Type auto-populates from the 1003 > Property > Property Type and the Borrower Summary > Property Type fields
Number of Units auto-populates from the 1003 > Property > Number of Units field
Occupancy auto-populates from the 1003 > Property > Property Will Be and the Borrower Summary > Property will be fields
County auto-populates from the 1003 > Property > County and the Borrower Summary > County fields
Legal Description auto populates from the 1003 > Property > Legal Description field
Borrower/Co-Borrower Information section displays only the borrower’s information. This information auto-populates from the Borrower Summary and 1003 and may be edited. If any information is edited or added it will automatically update those correlating fields on the following screens: Borrower Summary, 1003, Hazard Insurance Request, Title Request, and Closing Docs.
Vendor Information section allows the entry of the Listing Agent and Selling/Buyers Agent information .
Vendor Information section allows the entry of the Listing Agent and Selling/Buyers Agent information and any changes made here will populate back to the other two request screens. If the Listing Agent and Selling/Buyers Agents were added on the Vendor Info screen they will auto-populate. If the Listing Agent and Selling/Buyers Agent were not previously entered, upon typing a few characters of the desired Listing Agent or Selling/Buyers Agent into the designated fields, a correlating list of pre-defined choices will appear in a drop-down format to select from.
Additional Information section allows users to enter additional information outside of the previous 5 sections:
Flood Zone may be selected from the Flood Zone drop-down list manually here or it will be auto-populated if the flood certificate was ordered within the LOS. (For example, Flood Zone was previously entered on the Flood Hazard screen.) The Flood Zone field can be edited and will transfer to the Appraisal and Title Request screens.
Appraisal Information, Appraisal Needed by Date, and Contact for Property Types are manual and editable fields.
Appraisal Type can be selecting from the Appraisal Type drop-down list.
Appraisal Form Number auto-populates if previously entered in the 1003 > Other Data > Appraisal Information > Fieldwork Obtained field. This may also be selected from the Appraisal Form Number drop-down list. If the Appraisal Form Number is edited on either the Appraisal Request or 1003, the other request screens will be automatically updated with the new information.
If any attachments are included and/or required with this request, users may elect those options here.
Special Instructions can be added if applicable.
Click Save/Close to save the information entered on this screen and generate an electronic form for printing/mailing or emailing to the appraiser/appraiser company.
Click Cancel to discard all changes made to this screen and return the display to the Loan Dashboard.
Click the printer icon next to Forms & Docs > Appraisal Request to open a printable version of the Appraisal Request.